Thursday, April 3, 2008
The Expanding Euro Zone
Eurozone refers to countries that have adopted euro as the common currency. It includes 15 European Union members, 17 of their oversea territories, and 6 non member states. 9 members are still waiting to join. Approximately 318 million people live in the eurozone. This number will grow to about 413 million by 2014. By comparison, about 326 million people live in countries with U. S. dollar as the legal tender.
EURO ZONE COUNTRIES
Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovenia and Spain.
Pending - Slovakia (2009), Lithuania (2010), Estonia (2011), Bulgaria (2012), Hungary (2012), Poland (2012), Czech Republic (2013), Latvia (2013) and Romania (2014)
European Union members currently chosen not to join - Denmark, Sweden and United Kingdom.
Non European Union States:
Andorra, Kosovo, Monaco, Montenegro, San Marino and Vatican.
French Oversea Departments, Dependencies and Territories:
French Guiana, Guadeloupe, Martinique, Reunion, Saint Martin, Saint Barthelemy, St. Pierre & Miquelon, and Mayotte
Portuguese Autonomous Regions:
Azores and Madeira
Spanish Territories and Autonomous Regions:
Balearic Islands, Canary Islands, Ceuta, Melilla, Islas Chafarinas, Penon de Alhucemas, Penon de velez de la Gomera